PETROLEUM- Consumption

In 2016, the United States imported approximately 10.1 million barrels per day (MMb/d) of petroleum from about 70 countries. Petroleum includes crude oil, natural gas plant liquids, liquefied refinery gases, refined petroleum products such as…Learn more>>

Gasoline is the main petroleum product consumed in the United States. In 2007, motor gasoline consumption reached a record high of about 9.3 million b/d (390 million gallons per day). In 2015, motor gasoline consumption averaged about 9.2 million b/d (385 million gallons per day), or about 47% of total U.S. petroleum consumption.…learn more>>eia.doe.gov

How Much Petroleum Does The World Consume?Total world consumption of petroleum in 2014 was about 93 million b/d. The five largest petroleum-consuming countries in 2014, and their share of total world petroleum consumption:

EIA PROJECTS WORLD ENERGY CONSUMPTION WILL INCREASE 56% BY 2040

Renewable energy and nuclear power are the world’s fastest-growing energy sources, each increasing 2.5% per year. However, fossil fuels continue to supply nearly 80% of world energy use through 2040. Natural gas is the fastest-growing fossil fuel, as global supplies of tight gas, shale gas, and coalbed methane increase. …for more in-depth charts and reading>>

The 2016 Annual Energy Outlook projects declines in U.S. oil and natural gas imports as a result of increasing domestic production from tight oil and shale plays. U.S. liquid fuels net imports as a share of consumption is projected to decline from a high of 60% in 2005, and about 40% in 2012, to about 25% by 2016. The United States is also projected to become a net exporter of natural gas by 2018. eia.gov